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Please help with my advance cost accounting assignment. Also please show all working so I can understand and get full marks. PART B Hanover Producers
Please help with my advance cost accounting assignment. Also please show all working so I can understand and get full marks.
PART B Hanover Producers Limited manufactures three products, Rip, Rap and Rep. For the quarter ending 31 March 2019 information regarding the products is as follows: DETAILS Revenue per unit Direct Labour per unit Direct Material per unit Total Market Demand Machine hours per unit PRODUCTS RIP RAP REP $ 400.00 $360.00 $ 320.00 $ 100.00 $ 160.00 $ 120.00 $ 40.00 $ 60.00 $ 70.00 15,000 12,000 10,000 0.50 0.25 0.40 There are 13,000 machine hours available during the quarter. Annual fixed costs are estimated at $6,240,000. You may assume that fixed cost accrues evenly through the year Required: a. Calculate the optimal product mix for the quarter b. Calculate the optimal profit for the quarter. c. Explain, giving two (2) examples, what is a limiting factor (10 marks) (6 marks) (4 marks)
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